Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Ahmed Saadeddin resigns as parliament’s secretary-general: Secretary-General of the House of Representatives Ahmed Saadeddin yesterday resigned from his post citing “very private reasons” in a statement, Ahram Online reports. He said in his statement he intends to return to his former role as a judge with the Council of State (Maglis El Dawla), having served […]
Author Archives: enterpriseam admin
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inTHE MACRO PICTURE
Investors pulled USD 13.8 bn from emerging markets in August -IIF
IIF tracker confirms EMs might want to wipe August from their memories: Net emerging markets portfolio inflows witnessed their most unfortunate month in August since November 2016, according to the Institute of International Finance’s (IIF) most recent capital flows tracker. Investors pulled out roughly USD 13.8 bn from EM stocks and bonds in August as […]
Posted inEGYPT IN THE NEWS
It’s a painfully slow day for Egypt in the foreign press, which seems to still enjoying a long weekend thanks to Labor Day.
Posted inWorth watching
Can technology replace human creativity?
Can technology replace human creativity? For years now, the age of automation has taken a foray into fields such as fine arts and journalism, posing the question of whether we’ve reached a point where technology can take over the creative process and if AI and automation threaten to extinguish the last flame of human creativity. […]
Posted inDiplomacy + Foreign Trade
Russian ambassador to Egypt dies suddenly
Russian ambassador to Egypt Sergei Kirpichenko died suddenly at a Cairo hospital on Monday, Egypt’s Foreign Ministry said in a statement. The statement extended its condolences to Kirpichenko’s family. No details were given about the cause of death. Kirpichenko, who was 68, had been ambassador to Egypt since 2011 and was also the Russian envoy […]
Posted inEnergy
Natural gas production increases to 7 bcf/d
Egypt’s natural gas production has reached 7 bcf/d, up from 6.8 bcf/d at the end of June, an Oil Ministry official told Reuters. Production at Zohr field rose to 2.7 bcf per day last month, ahead of its development plan by around four months.
Posted inEnergy
Qarun drills 10 exploratory wells in Western Desert
Qarun Petroleum, a joint venture between Apache and the Egyptian General Petroleum Company, has drilled 10 exploratory wells in the Western Desert, producing a combined 5k bbl/d, the Oil Ministry said in a statement yesterday (pdf). This will account for 16% of the company’s total production. The company is now considering investing USD 237 mn […]
Posted inBasic Materials + Commodities
Egypt’s cotton exports up 219% in 2Q2019 amid increased production
Egypt’s cotton exports increased 219% in 2Q2019 to 510.2k qintars from 160.1k qintars during the same period last year due to an increase in production, CAPMAS said in a report yesterday. Private companies refused to participate in the first cotton auction held under a new mechanism last month, complaining that the opening price of EGP […]
Posted inManufacturing
FEI eyes partnerships with Italian companies to locally produce electrical appliance components
The Federation of Egyptian Industries’ electrical appliances division is working to get Italian companies to partner with local firms to manufacture parts used for feeder industries, Hassan Mabrouk, a board member of the division, told the local press. Local companies are unable to manufacture the components needed for electrical appliances without the involvement of foreign […]